Philips’ Second Quarter Results 2014

Amsterdam, July 21, 2014

Report

Q2 2014 resultsPDF 601.7 kB

Presentation

Q2 2014 presentationPDF 3.4 MB

Webcast

Q2 2014 transcriptPDF 222.0 kB

Philips reports Q2 sales of EUR 5.3 billion and EBITA of EUR 415 million

Second-quarter highlights

  • Comparable sales growth stable, with sales in growth geographies up 4%
  • EBITA of EUR 415 million, compared to EUR 601 million in Q2 2013
  • EBITA, excluding restructuring and acquisition-related charges and other items, amounted to EUR 449 million, or 8.5% of sales, compared to 9.4% in Q2 2013
  • Currencies negatively impacted sales by 6% and EBITA by 0.8 percentage points of sales
  • Net income amounted to EUR 243 million, supported by lower tax charges
  • Free cash flow of EUR 261 million, compared to free cash outflow of EUR 105 million in Q2 2013